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$CINF said The Cincinnati Insurance Companies' property casualty group expects 2Q16 results to include pretax catastrophe losses of $160-170MM, representing an impact on 2Q16 combined ratio of about 14.4-15.3 percentage points. $CINF expects 2Q16 property casualty combined ratio of 98-101%, including the effect of significant storm-related losses.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.